A 26-story Manhattan luxury rental development that began leasing about six months ago is 50% full with monthly rents as high as $26,000.
Steps from Central Park, Anagram Columbus Circle, located at 1 W. 60th St. at the corner of West 60th Street and Broadway and just steps from Central Park, has attracted residents from both around the country and from overseas, Global Holdings, which also is behind other New York luxury residential developments such as 15 Central Park West, said in a statement.
Leasing only began in July, a Global Holdings spokesperson told CoStar News, adding that "move-ins are in full swing and amenities will be fully completed by spring."
Rents range from $4,660 for a studio to $26,750 for a four-bedroom unit, the spokesperson told CoStar.
“Just like we saw with our blockbuster NYC residential development projects 15 Central Park West, Greenwich Lane and 520 Park, demand for the best of the best continues as the market shifts toward premium rentals,” Eyal Ofer, chairman of Global Holdings, said in the statement.
Global Holdings’ portfolio spans over 10 million square feet of real estate and includes more than 120 properties and 1,500-plus hotel rooms.
The 123 residences at Anagram Columbus Circle include three penthouses gracing the building pinnacle, Global Holdings said. Designed by INC Architecture & Design, the developer said the building features condo-level design with 13,000 square feet of amenities space.
The leasing comes as Manhattan's Upper West Side, where the property sits, has a 2.9% vacancy rate that’s remained near historic lows, according to a CoStar analysis, which also stated that the rate is among the lowest of U.S. neighborhoods with at least 20,000 units. Asking rents of $4,950 per unit in the market are among the priciest in the New York metropolitan area as the low vacancy rate has allowed landlords to push rents higher, the report said.
For the Record
Rose Associates is the exclusive leasing and management firm for the property.